Last post on Nov 28, 2013 at 6:30 AM
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Acura TSX, Car Leasing, Sedan
#217 of 2481 Just leased an 07 TSX in NY
Jan 17, 2007 (5:08 pm)
Ending wife's 2004 Jetta GL lease for something larger and more luxurious. The TL would've been great, but we didn't want to spend that much $$ even though my car payment is almost 500/month but will be paid off in a few months.
Smithtown Acura Long Island, NY
Henry Neil was the salesman, he was very nice and respectful as well as very well versed in the Acura product line. I've been to upscale dealerships where I was educating the salesman on some of the feature/options...
My wife and I are young and we've been brushed off before elsewhere because they probably thought we can't afford their cars...i hate that!
Anyway we decided on an 07 TSX, no navi, it turns out they still have the lease rates from the holiday program until 1-31! I was very excited to hear this because from what i've read here, they've been high
Price Paid 27,560
Term 36 months
MF .00127 (3% for super preferred 710+ FICO)
First month's down, bank fee, plates, etc up front (~1100) No cap reduction otherwise.
35x without tax, but I decided to pay the tax each month.
It came out to 385/mo with ~1100 total laid out
The only problem was color choice, seems the TSX has been selling well around here. We wanted white with the ebony interior, but there were none to be had so we took Black with the black interior and we're waiting for it to arrive.
I'm excited to finally own a car with a sunroof, leather, heated seats and all the other entry-luxo stuff packed into the TSX. My WRX cost me 24k in 2002, but all that $$$ is in the drivetrain/suspension. Yes it's much faster than a tsx, but the niceties will be very welcome for my wife's daily driver and when i drive it. 27k is a pretty good deal for still being somehwat early in the 07 model year.
#218 of 2481 Re: Just leased an 07 TSX in NY [wrx_tsx]
Jan 18, 2007 (10:48 am)
wrx_tsx- What was your Residual and how much are your taxes? That MF is really great, I may try to negotiate for that too.
#219 of 2481 Re: Just leased an 07 TSX in NY [ductwin]
Jan 18, 2007 (6:04 pm)
Oh man I thought I was missing a detail when I posted this!
for the 36month 15k/yr the residual is 59%
NY state sales tax is 8.625 on a receipt i had laying around, for some reason i thought it was 8.75, close enough.
I didn't have to negotiate anything on the MF. The salesman was reading right from acura's book thingy. I came home and looked here before buying to see what people were getting on a MF and the lowest I saw was .0016x from someone on the west coast. So I figured that .00127 is about as low as I've seen poking around these boards(hair over 3.0%) and that there wasn't a dealer markup, and even if there was it was still a killer rate.
IIRC the TL had identical MF's...
It was 34k msrp, 33k neg cap cost and 423 paying first months, fees and tax up front (roughly 460ish with NY tax rolled into the payment) I forgot the RV but it was 57 or 59 IIRC
#220 of 2481 TSX residual/money factor
Jan 18, 2007 (7:41 pm)
Please let me know current money factor and residual for a TSX without NAV and with auto transmission. Looking to lease it for 36 months.
#221 of 2481 Re: TSX residual/money factor [mk2]
Jan 19, 2007 (8:30 am)
I'm also interested in these numbers for the car and term above with 12k miles per year.
#222 of 2481 Re: 2007 TSX w/o nav - Costa Mesa [cpa3]
Jan 20, 2007 (6:51 am)
Cap Cost $27508 ($200 over invoice)
The invoice is around 26,300.
#223 of 2481 Re: TSX residual/money factor [mk2]
Jan 20, 2007 (10:33 am)
Here's what I'm getting from a couple of dealers in NJ for TSX without NAV and with auto transmission:
Lease Term: 36 Month 10K
Selling Price: $26,808
Money Factor: 0.00127
Sales Tax: 7%
Monthly Payment: 337.00 (tax included)
Due at signing:
First month payment: $337
Bank Fee: $595
#224 of 2481 Re: 2007 TSX w/o nav - Costa Mesa [cpa3]
Jan 30, 2007 (3:15 am)
Congratulations on your new car, cpa3. Thanks for taking the time to share the details of your deal with everyone. Enjoy your new ride!
Prices Paid Forum
#225 of 2481 Re: Lease Deal [jenp123]
Jan 30, 2007 (3:19 am)
Hi jenp123. Dealers are independent businesses and they are free to sell you the vehicle that you are interested in for whatever price you are willing to pay. Given the current market for vehicles like the TL, if you are in an area that has a decent level of competition you should be able to get at least as good a deal as the lease that Acura is currently advertising on this car on its site. In fact, manufacturers' advertised lease payments usually leave a little meat on the bone so to speak. If one thinks about it, it makes sense. Dealers would be pretty annoyed if their manufacturer advertised the thinnest possible deal on a car or truck. Shop around for the lowest possible selling price for the TL that you want and then have the dealer that gives it to you calculate your lease payment using this car's buy rate lease money factor. you should be able to do at least as well as the advertised deal, if not better.
Prices Paid Forum
#226 of 2481 Re: Current TSX Lease Deal [scottypimp56]
Jan 30, 2007 (3:21 am)
Hi scottypimp56. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
Basically the two main numbers that you need to focus on when leasing are your vehicle's selling price and the money factor that is being used to calculate its monthly payment. These are dealers' two main profit centers on leased vehicles. Negotiate the lowest selling price that you can on the TL that you want and then have the dealer that gives you that price calculate its monthly payment using Acura's buy rate lease money factor.
Prices Paid Forum